211
211
Jan 29, 2013
01/13
by
CNBC
tv
eye 211
favorite 0
quote 0
we ask do you think congress is going to increase the debt ceiling every time it's reached, refuse to raise it at some point and don't know? you can see 86% are saying that congress will raise the debt ceiling every time it's reached this year, when i think about some of the reasons why stocks have gotten higher because i think that thread along with the fiscal cliff has come out of the market and that there's overwhelming sentiment that coss i solve the get problem. we asked wall street to grade our treasury secretary going out and one coming in. you can see a pretty strong sentiment that he was a seed secretary with a 2.2. jack lew, the sentiment there. 2.0. one more thing on the deficit i just want to say and maybe this is worthy of discussion here. i think this is a sign that things have improved, at these economists and guys on wall street are saying we should solve the deficit and do it now. i think if things were as bad as they were say the last couple years there might be less sense that we urgently need to fix the deficit problem. mike england from action economics said if we
we ask do you think congress is going to increase the debt ceiling every time it's reached, refuse to raise it at some point and don't know? you can see 86% are saying that congress will raise the debt ceiling every time it's reached this year, when i think about some of the reasons why stocks have gotten higher because i think that thread along with the fiscal cliff has come out of the market and that there's overwhelming sentiment that coss i solve the get problem. we asked wall street to...
82
82
Jan 28, 2013
01/13
by
CSPAN2
tv
eye 82
favorite 0
quote 0
and we have sort of the best to come yet because we haven't decided on the debt ceiling and spending. and so this is where we really need leadership, which we were used to. i tend to be an optimist about the united states because people gave up on us on vietnam, on the watergate crisis, and we came charging back. i think we will do here. but it would be nice if we didn't have to go to the cliff each time to do it. >> and again, when you start talking about the kind of relationships and the kind of leadership, you know, we still seem to have this atmosphere where people talk more at each other than trying to find some common ground, some common goal in getting it down. you broach the whole growth of growth and jobs, and that is the answer to all of us. you also talk a lot about contagion on this one. we all sensed that if the european situation got worse, and they represent 23% of world gdp, the effect it's going to have on the united states, india, brazil, it's going to be real. and so with 40% of export coming here to the united states and so forth, all of a sudden we started to see
and we have sort of the best to come yet because we haven't decided on the debt ceiling and spending. and so this is where we really need leadership, which we were used to. i tend to be an optimist about the united states because people gave up on us on vietnam, on the watergate crisis, and we came charging back. i think we will do here. but it would be nice if we didn't have to go to the cliff each time to do it. >> and again, when you start talking about the kind of relationships and...
195
195
Jan 31, 2013
01/13
by
CNBC
tv
eye 195
favorite 0
quote 0
senate is expected to vote this afternoon on a bill to suspend the debt ceiling for -- why not suspend it indefinitely? the house passed the measure last week. the senate version includes several republican amendments, matching spending cuts, every dollar increase in the ceiling and that's not expected to get passed. it will suspend it to may the 19th when it will be raised by the amount the treasury borrows in the interim. why -- greg is with us. greg is the economist. can we just get rid of the debt ceiling? it's a real brawl. >> just deep six that sucker like no other country deals with this it ottic device. hey, i'm going to borrow some money, but i'll think twice over whether i'm going to pay the bill when it comes. >> what if it was the founding father himself who said i think we ought to have a debt ceiling so as to avoid fiscal recklessness? >> well, in fact, the debt ceiling, the reason we have one is because up until 100 years ago, we voted on every bond issue individually. so you think it's bad now, just imagine if we had had that situation. but looking forward, though, this
senate is expected to vote this afternoon on a bill to suspend the debt ceiling for -- why not suspend it indefinitely? the house passed the measure last week. the senate version includes several republican amendments, matching spending cuts, every dollar increase in the ceiling and that's not expected to get passed. it will suspend it to may the 19th when it will be raised by the amount the treasury borrows in the interim. why -- greg is with us. greg is the economist. can we just get rid of...
147
147
Jan 24, 2013
01/13
by
MSNBCW
tv
eye 147
favorite 0
quote 0
for spending cuts for every dollar in debt ceiling raised. that is not what you got this time. and you have put the focus on senate democrats, a political tactic, perhaps a very successful one. but is that really a tactical retreat? >> i don't think so at all, chuck. and i was curious to hear steny's comments about this being a gimmick. 86 democrats supported the bill that we had on the floor yesterday, the no budget, no pay, so clearly they didn't think it was a gimmick. this was a bipartisan effort. look, if you look at the goal, we've got to get our fiscal house in order, we've got to balance the budget, and in order to do that, the senate actually has to produce a budget, which they haven't done in nearly four years. the house has had budgets for each of the last two years that actually get to balance. so what we did, in this bill, is to say to the senate, look, you've got to do a budget. families do budgets, businesses do budgets, employers do budgets. the senate has not done a budget in nearly four years, so this is the challenge for th
for spending cuts for every dollar in debt ceiling raised. that is not what you got this time. and you have put the focus on senate democrats, a political tactic, perhaps a very successful one. but is that really a tactical retreat? >> i don't think so at all, chuck. and i was curious to hear steny's comments about this being a gimmick. 86 democrats supported the bill that we had on the floor yesterday, the no budget, no pay, so clearly they didn't think it was a gimmick. this was a...
181
181
Jan 31, 2013
01/13
by
CNBC
tv
eye 181
favorite 0
quote 0
dollar increase in the debt ceiling. those amendments expected to be defeated. the bill won't technically raise the debt ceiling, but it will suspend it until may 19th when it will be raised by the amount that the treasury borrows in the interim. that's how it's going to work. and markets, as we've been talking about on a tear this month with the dow having its best january in decades. but will yesterday's surprising drop in gdp reign in the bulls, it says here? let's get a read on the state of the economy. at least it wasn't a -- that kind of rein. there's three of them. anyway, joining us for the next hour is bob bruska. that's fao -- >> no. you cannot. >> fao economics. as becky said at the top, things are going to go really well or the market is going to have an '87 crash. >> i like the binary outlook. >> everything you said was so good until you gout to that point. >> he usually wears one of these very clever ties. >> i'm not going to give him any -- >> there you go, joe. >> you didn't forget because you are getting
dollar increase in the debt ceiling. those amendments expected to be defeated. the bill won't technically raise the debt ceiling, but it will suspend it until may 19th when it will be raised by the amount that the treasury borrows in the interim. that's how it's going to work. and markets, as we've been talking about on a tear this month with the dow having its best january in decades. but will yesterday's surprising drop in gdp reign in the bulls, it says here? let's get a read on the state of...
106
106
Jan 24, 2013
01/13
by
KQED
tv
eye 106
favorite 0
quote 0
remember how they vowed they would only raise the debt ceiling by a dollar for every dollar cut in spending. now they said never mind. we'll push that down the road. the big fight will be on the sweeping spending cuts that go into effect march 1 and on the government funding that runs out on march 27. march is going to be the month to watch, and it's a month that could end in a government shutdown. >> ifill: is it the kind of fight the republicans want to have to redefine themselveses? >> i think they do. gwen, i think you have to know when to hold them and know when to fold them. yes, the republicans folded on this wise wisely. finally, i think they got some smart on this. you have to pick your fights. they need a breather now. they've been on the defense for a year on tax cuts for millionaires, on toughness, shutting down the government, they're not going to compromise. they need to recalbright here, a reset button needs to be pushed and it seems like in every aspect of government. and fight on future spending, not on obligations already incur. >> ifill: in the inaugural address this week
remember how they vowed they would only raise the debt ceiling by a dollar for every dollar cut in spending. now they said never mind. we'll push that down the road. the big fight will be on the sweeping spending cuts that go into effect march 1 and on the government funding that runs out on march 27. march is going to be the month to watch, and it's a month that could end in a government shutdown. >> ifill: is it the kind of fight the republicans want to have to redefine themselveses?...
47
47
Jan 24, 2013
01/13
by
FOXNEWS
tv
eye 47
favorite 0
quote 0
. >> greta: every time we hit one of the mile posts, whether it's sequestration or debt ceiling, taxes going up, whatever it is, what happens is the solution is just to extend is somehow and create another hurdle in a certain period of time and when we get to that point we do it again. i mean. >> that's not the best way to do it. >> greta: is there ever going to be a finality to this. >> one way or the other because there will come a point where the debt will deal with us if we don't deal with it. no doubt it has to be dealt with, we would hope we would deal with it it before that point of crisis before we become europe or one of the places that scramble to deal with it that should been dealt with a long time. the president of the united states gave his inaugural address on monday and barely mentioned the national debt and the fundamental argument only way for the middle class and create prosperity in america is for the government to have more control over our economy, more taxes, more regulations, more spending. there's a fundamental difference between the president's view of our futu
. >> greta: every time we hit one of the mile posts, whether it's sequestration or debt ceiling, taxes going up, whatever it is, what happens is the solution is just to extend is somehow and create another hurdle in a certain period of time and when we get to that point we do it again. i mean. >> that's not the best way to do it. >> greta: is there ever going to be a finality to this. >> one way or the other because there will come a point where the debt will deal with...
173
173
Jan 31, 2013
01/13
by
WRC
tv
eye 173
favorite 0
quote 0
dollar increase in the debt ceiling. but they're expected to go down in defeat. now the bill won't technically raise the debt ceiling but will spend it until may 19 when it will be raised by the amount the treasury borrows in the interim. meanwhile, a new report finds foreclosure activity rose in more than half of the biggest u.s. metro areas last year. but realty track says activity decreased from 2010 when foreclosures peaked in most markets. foreclosures dropped in 12 of the top 20 metro markets with the biggest declines in phoenix, san francisco, and detroit. the biggest increases were in tampa, miami, and baltimore. and what are the top market for buying a foreclosed home this year? realty track says your best bets are in jacksonville, chicago, and el paso, texas. >> all right. thank you. >>> we still haven't heard from livingsocial about reports that it had a tumultuous 2012. according to the "washington post," that d.c.-based online deal seller lost $650 million last year. the company also let go 10% of its work f
dollar increase in the debt ceiling. but they're expected to go down in defeat. now the bill won't technically raise the debt ceiling but will spend it until may 19 when it will be raised by the amount the treasury borrows in the interim. meanwhile, a new report finds foreclosure activity rose in more than half of the biggest u.s. metro areas last year. but realty track says activity decreased from 2010 when foreclosures peaked in most markets. foreclosures dropped in 12 of the top 20 metro...
153
153
Jan 27, 2013
01/13
by
MSNBCW
tv
eye 153
favorite 0
quote 0
for every dollar increase in this debt ceiling we have to have a dollar in cuts to match that. the president said earlier this month, i'm not doing that anymore. we are not going to keep negotiating over the debt ceiling. this is our obligation over. the republicans have conceded the president had won the argument and are now -- this week they ebb extended the debt ceiling with no accompanied spending cuts. the republicans will cede that issue to him. >> your latest article, mitt romney i'm not going away. tell me. >> certainly was a little different. he came in to toub this weekend for the alfalfa dinner. we hadn't seen a lot from mitt romney since he lost in november. he to told donors that it was purposeful. he is not going anywhere. he will be active in 2013 and 2014s and in terms of 2016. although some sources said his personal ambition for public office are over. >> good to see you both today. thank you so much. >> thank you, t.j. >>> to the weather, the midwest is facing an ice threat. winter storm is dropping snow and freezing rain expected to bring icy conditions. powe
for every dollar increase in this debt ceiling we have to have a dollar in cuts to match that. the president said earlier this month, i'm not doing that anymore. we are not going to keep negotiating over the debt ceiling. this is our obligation over. the republicans have conceded the president had won the argument and are now -- this week they ebb extended the debt ceiling with no accompanied spending cuts. the republicans will cede that issue to him. >> your latest article, mitt romney...
73
73
Jan 25, 2013
01/13
by
CSPAN2
tv
eye 73
favorite 0
quote 0
i'm under the impression that the debt ceiling is to give the authority to the president to assure our progress, the each and every nickel that we would fall get it back. i also believe that we have to have some guidelines on spending in order to share with creditors and americans alike, the fact are we going to reduce unnecessary spending. having said that, some people believe we have to have this involved debt ceiling with the deficit. and, of course, that's controversial. under the system of prioritizi prioritizing, payments that some people are pushing forward, they would believe that we can determine just to we're going to pay out interest to, we get a better handle on the spending part of the fiscal dilemma. and i just want to ask dr. johnson some questions that these programs that think you pay interest on your debt is, number one, priorty. i think every family would like to pay off interest. social security, and then third, somewhere active duty military, and i think patriotic as well as political. but under the scenario, dr. johnson, will we be paying the people that we borrow
i'm under the impression that the debt ceiling is to give the authority to the president to assure our progress, the each and every nickel that we would fall get it back. i also believe that we have to have some guidelines on spending in order to share with creditors and americans alike, the fact are we going to reduce unnecessary spending. having said that, some people believe we have to have this involved debt ceiling with the deficit. and, of course, that's controversial. under the system of...
138
138
Jan 31, 2013
01/13
by
FOXNEWS
tv
eye 138
favorite 0
quote 0
. >> obviously democrats would prefer a longer suspension of the debt ceiling which would provide additional economic security and stability as we continue to find ways to decrease the deficit. raising the possibility the united states could default on its obligations every few months is not an ideal way to run government but a short-term solution is better than another imminent manufactured crisis. >> reporter: there will be a whole bunch of amendments proposed today. one would offset every dollar of increased borrowing with spending reductions. another would add 120 day extension to any possible government shutdown threat in the future to give lawmakers to avoid type of bloated bills that get passed in the dead of night and increase the deficit, debt and spending. all the amendments are expected to be defeated and the measure is expected to pass and as for that member pay, folks shouldn't think lawmakers are making too much of a sacrifice. there is constitutional amendment says senators and house members have to be paid. their salaries would be delayed, not denied. jenna: do we have such a
. >> obviously democrats would prefer a longer suspension of the debt ceiling which would provide additional economic security and stability as we continue to find ways to decrease the deficit. raising the possibility the united states could default on its obligations every few months is not an ideal way to run government but a short-term solution is better than another imminent manufactured crisis. >> reporter: there will be a whole bunch of amendments proposed today. one would...
91
91
Jan 31, 2013
01/13
by
CURRENT
tv
eye 91
favorite 0
quote 0
you hear talk about it's immigration, guns, global warming or it's the deficit, or the debt ceiling or whatever. it has been a long time since i heard people here in the congress or even from the white house talk about jobs. what is happening on the jobs front out there? it is getting any better? >> we see only a marginal improvement in some sectors of the manufacturing economy, but there's tremendous pressure upon employers right now uncertain about the economic condition of this country and the follies of our congress, not to be able to make a decision on this so they are withholding investment. they are sitting on piles of cash that could be plowed -- >> bill: still today? >> today. that could be plowed into reinvestment to produce products america needs and the rest of the world. >> bill: have the employers realized they can make more money with fewer employees and that is why they are not hiring? this has been going on for a while, right? >> it's oftentimes i criticize the business community for being such short-term thinkers. it's the bottom line on the quarterly if not monthly o
you hear talk about it's immigration, guns, global warming or it's the deficit, or the debt ceiling or whatever. it has been a long time since i heard people here in the congress or even from the white house talk about jobs. what is happening on the jobs front out there? it is getting any better? >> we see only a marginal improvement in some sectors of the manufacturing economy, but there's tremendous pressure upon employers right now uncertain about the economic condition of this country...